jeshbhat Let’s say you are asked to choose which of these statements is more likely to be true: What would your choice be? Your choice will help determine if you can overcome the conjunction fallacy. Learn about the cognitive bias known as conjunction fallacy and how you can avoid it in your life. Understanding the Conjunction … Read more
Do you believe that after several rainy days, the sun is bound to come out tomorrow? Or if a sports team has had a few wins in a row, then they could be due for a loss. Ever noticed patterns in random events and considered them to help you make predictions? Learn about the Gambler’s … Read more
Are you a student juggling countless tasks, trying to get ahead of the game, and ensuring you don’t miss any deadlines? Or maybe you’re a consumer who can’t seem to stick with a budget even though your resources are plentiful. Does this sound anything like you? Then, you are being led by the planning fallacy. … Read more
The journey to success is rarely smooth, but when faced with obstacles on the path to our goals, how do we maintain motivation and avoid becoming discouraged? It is common to believe that things will have to get worse before they can improve. But is this always true? This idea that things will get worse … Read more
Found yourself in a situation where you repeatedly make poor decisions and later realize that you have wasted time and money on something? Have you heard of military projects where significant funds are being invested, but the continued investment may not lead to desired outcomes? Welcome to the fallacy of sunk cost! Learn about the … Read more
On December 18, 2022, Argentina and France faced off in a thrilling FIFA World Cup final. The match ended in a 3-3 draw, showcasing the talent of both teams and the equal level of skill displayed by their players. As the game progressed to penalties, Argentina emerged victorious, defeating France 4-2. To analyze the game, … Read more
Understanding the nuances and complexities of public opinion requires researchers to navigate the challenges of participant survey involvement. Imagine an election season in full swing, with politicians vying for votes and polling organizations scrambling to gauge the pulse of the public. These organizations conduct surveys to encapsulate the complex tapestry of political opinions and preferences. … Read more
As the clock ticks away, the tension in the exam hall is palpable. You’ve prepared diligently, pouring over previous years’ question papers and memorizing all the important concepts. Confidence fills your veins as you eagerly await the exam paper, expecting to tackle those familiar questions easily. But as you unravel the paper, a wave of … Read more
Once upon a time, in a small village nestled by a serene river, there lived a wise old man named Master Tao. He was known for his profound knowledge and keen insights into the human mind. One day, a young villager named Li approached Master Tao with a troubled look on his face. Li had … Read more
We all want to believe we can predict and shape our future, but this is rarely true. Despite our best efforts to plan and prepare, doesn’t the reality turn out to be so different? Humans tend to overestimate their control over outcomes. Whether superstitions or rituals, we often create illusions of control to cope with … Read more